BROOKFIELD Corp ON Boosts Stock Position in American Water Works Company, Inc. $AWK

Key Points

• BROOKFIELD Corp ON significantly increased its stake in American Water Works by 2,486.6% in Q1, holding 571,080 shares now valued at approximately $84 million, making it the 27th largest position in its portfolio.
• Several other institutional investors also boosted their investments in American Water Works, with Price T Rowe Associates increasing their holdings by 881.1% during the same period.
• American Water Works declared a quarterly dividend of $0.8275 per share, representing an annualized yield of 2.4%, and reported a revenue increase of 11.1% year-over-year.

BROOKFIELD Corp ON increased its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2,486.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 571,080 shares of the utilities provider's stock after buying an additional 549,002 shares during the period. American Water Works accounts for 0.5% of BROOKFIELD Corp ON's holdings, making the stock its 27th biggest holding. BROOKFIELD Corp ON owned about 0.29% of American Water Works worth $84,246,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Sumitomo Life Insurance Co. grew its holdings in American Water Works by 1.5% during the 1st quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider's stock worth $690,000 after acquiring an additional 70 shares during the period. Sargent Investment Group LLC grew its stake in American Water Works by 2.6% during the first quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider's stock worth $412,000 after purchasing an additional 70 shares during the period. Private Trust Co. NA grew its stake in American Water Works by 4.8% during the first quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider's stock worth $237,000 after purchasing an additional 74 shares during the period. Foundations Investment Advisors LLC increased its holdings in American Water Works by 5.0% in the first quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider's stock worth $255,000 after purchasing an additional 82 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake in American Water Works by 1.4% in the first quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider's stock valued at $908,000 after buying an additional 85 shares during the period. Institutional investors own 86.58% of the company's stock.

American Water Works Stock Up 0.4%

NYSE AWK traded up $0.59 during trading hours on Wednesday, hitting $136.84. The company's stock had a trading volume of 312,953 shares, compared to its average volume of 1,385,351. The company has a market capitalization of $26.70 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 3.26 and a beta of 0.69. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The company's 50-day simple moving average is $142.37 and its two-hundred day simple moving average is $142.70.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period last year, the company earned $1.42 earnings per share. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works's payout ratio is currently 59.64%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Argus raised their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Wells Fargo & Company cut their target price on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Barclays decreased their price target on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research note on Thursday, July 10th. UBS Group cut their price objective on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Finally, Mizuho boosted their target price on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, American Water Works currently has a consensus rating of "Reduce" and an average price target of $143.30.

American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.